Public in dark on UK debt July 12, 2011 Fewer than one in ten people understand that the government is adding hundreds of billions of pounds to the national debt over the course of this parliament, a shocking new survey reveals today. Just nine per cent of respondents realise that the government plans to borrow roughly an extra £350bn from this financial year to [...]
US Fed is split over fresh QE July 12, 2011 A THIRD period of quantitative easing – dubbed QE3 – could be in the pipeline if the US economy continues to stagnate, the minutes of the last Federal Reserve monetary policy meeting revealed last night. “Some participants” believed that “it would be appropriate to provide additional monetary policy accommodation” if the economy fails to pick [...]
Media is failing public in many ways July 12, 2011 WITH the phone hacking scandal continuing to grow, and the reputation of journalists at their lowest ebb since the death of Diana, now seems like a good time to add to the media’s woes. A poll out today reveals what can only be described as another mini-scandal, this time relating to the media’s ability to [...]
Plan aired to avoid default July 12, 2011 REPUBLICAN Senate leader Mitch McConnell floated a “last choice” back-up plan for the US debt ceiling crisis late last night. McConnell’s emergency plan would see President Barack Obama forcing through a hike in the debt ceiling, without requiring the consent of Republicans. The announcement was intended to reassure markets that the US would not default [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 12, 2011 FINANCIAL TIMES MANAGERS STRUGGLE TO WOO THE WEALTHY Private banks across the world are still struggling to attract new clients, as the wealthy continue to shun professional investment managers in the wake of the financial crisis, according to a report published today. New money paid into private banks by clients fell nearly 19 per cent [...]
Cheques saved as banks U-turn July 12, 2011 The Payments Council has reversed its decision to abolish the cheque by 2018, after a public outcry over plans to axe the payment method. The body, whose members include banks and payments organisations, said cheques would continue as long as customers needed them. Trade bodies representing builders and charities that campaign for the elderly had [...]
Ebay faces EU fake goods liability July 12, 2011 Ebay and other online marketplaces are to be forced to take measures to prevent the sale of fake goods online following a European court ruling. The decision follows a case brought by French cosmetics firm L’Oreal against the online firm over the sale of branded goods four years ago. Ebay would be forced to remove [...]
Coalition to vote against Murdoch bid July 12, 2011 THE UK government will tomorrow signal that Rupert Murdoch should halt his pursuit of Sky, it revealed yesterday, sending shares in the broadcaster to their lowest level in a year. Murdoch’s bid to take control of the broadcaster received another blow after David Cameron gave his backing to Ed Miliband’s commons motion against the deal. The [...]
ANOTHER DAY THAT SHOOK THE MURDOCH EMPIRE July 12, 2011 8:00am Chairman of the home affairs committee Keith Vaz calls for information on “precisely what the officers did” in relation to the first investigation. 8:45am Gordon Brown says he was “in tears” when the Sun told him it would run a story about his son’s medical condition. He is careful not to claim reporters broke [...]
CITY VIEWS: WILL MURDOCH’S BID TO CONTROL BSKYB ULTIMATELY BE SUCCESSFUL? July 12, 2011 JAMES WAITE | BANK OF IRELAND “The deal has been delayed, but I think it’s just a matter of waiting for the dust to settle. There are a lot of people jumping on the anti-Murdoch bandwagon.” STEPHANIE DAVIS | SAFETY MEDIA “I think it might, it’s a definite possibility. He is getting a lot of [...]
